Hotchkis & Wiley Capital Management LLC Purchases 41,180 Shares of Kforce Inc. (NASDAQ:KFRC)

Hotchkis & Wiley Capital Management LLC boosted its position in shares of Kforce Inc. (NASDAQ:KFRC) by 28.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,016 shares of the business services provider’s stock after acquiring an additional 41,180 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.97% of Kforce worth $11,431,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Kforce in the second quarter valued at approximately $718,000. Vaughan Nelson Investment Management L.P. boosted its stake in Kforce by 3.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 756,788 shares of the business services provider’s stock valued at $47,020,000 after acquiring an additional 23,920 shares in the last quarter. Raymond James & Associates boosted its stake in Kforce by 3.8% in the third quarter. Raymond James & Associates now owns 98,253 shares of the business services provider’s stock valued at $6,038,000 after acquiring an additional 3,560 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Kforce by 0.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,402,035 shares of the business services provider’s stock valued at $149,238,000 after acquiring an additional 13,706 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in Kforce in the second quarter valued at approximately $1,488,000. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KFRC. Truist Financial lowered their target price on shares of Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, October 29th. StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Tuesday, October 15th.

Kforce Trading Down 0.7 %

NASDAQ:KFRC opened at $61.07 on Wednesday. Kforce Inc. has a 12 month low of $52.96 and a 12 month high of $74.79. The firm has a fifty day simple moving average of $58.30 and a 200-day simple moving average of $61.58. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.17 billion, a P/E ratio of 21.06 and a beta of 0.88.

Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $353.30 million during the quarter, compared to the consensus estimate of $352.19 million. Kforce had a net margin of 3.86% and a return on equity of 33.50%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. On average, equities research analysts anticipate that Kforce Inc. will post 2.68 earnings per share for the current year.

Kforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a yield of 2.49%. Kforce’s dividend payout ratio is presently 52.41%.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.